Asia

BMW launches automated driving project in China with Baidu

Sept. 29, 2014 17:43 CET
BMW is teaming up with Chinese Internet giant Baidu to start highly automated driving trials in Beijing and Shanghai. BMW research vehicles capable of automated driving already have undergone tests on German autobahns....
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Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes....
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Japan's keiretsu suppliers at risk in a new reality

12:01 am U.S. ET | Sept. 29, 2014
Japanese suppliers are struggling to adjust to a new business reality that threatens to undermine the country's keiretsu system of tightknit cooperation between carmakers and their favorite-son suppliers. Blame the unraveling on an immutable truth: Japan's carmakers have stopped expanding at home....
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Hyundai pays the price for prestige

12:01 am U.S. ET | Sept. 27, 2014
Hyundai Motor Group Chairman Chung Mong-koo got what he wanted: a spacious corporate home in Korea's most prestigious neighborhood. Now he is paying the price....
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Skoda denies report on investment curb in India

Sept. 26, 2014 16:01 CET
Skoda says it remains committed to its Indian operations after a report suggested that the automaker may cut investments in the market over concerns about the country's business environment....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

12:01 am U.S. ET | Sept. 26, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets. But a new economic forecast says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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HANS GREIMEL

Why climate change could stall growth in emerging markets

6:51 am U.S. ET | Sept. 25, 2014
Auto executives have long salivated over the huge future sales possible in emerging markets as their teeming, upwardly mobile masses migrate from motorbikes to cars. So imagine the irony behind a new economic forecast that says surging greenhouse gases, spurred partly by auto emissions, will throw cold water on that once-anticipated development boom....
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Tesla expands in Hong Kong to tap EV demand

10:27 am U.S. ET | Sept. 25, 2014
Tesla Motors plans to double its workforce in Hong Kong as the electric car maker expands in a market the company said could become the “Norway of Asia.”...
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VW picks Kantner to lead India sales

Sept. 25, 2014 06:01 CET
VW Group has named Manfred Kantner the new head of passenger car sales for India and the Far East at the group's namesake brand. India has been a trouble spot for VW brand since growth slowed in 2012....
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NEVS lays off staff as Saab output remains idled

12:16 pm U.S. ET | Sept. 24, 2014
China's cash-strapped National Electric Vehicle Sweden said it would lay off up to 200 employees at its Saab car plant in Sweden as production is unlikely to resume anytime soon....
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Top Chinese official accused of taking bribes from Toyota JV

11:06 am U.S. ET | Sept. 24, 2014
A senior official with China's economic planning ministry and his son took bribes from a Guangzhou carmaker, including kickbacks for helping approve the opening of a Toyota dealership, a Chinese prosecutor said today....
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Cadillac’s China sales expected to grow 40% this year

6:35 am U.S. ET | Sept. 24, 2014
GM expects Cadillac sales in China to increase 40 percent this year, as it prepares to reorganize its luxury brand as a separate unit based in New York....
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HANS GREIMEL

How Mazda survived the atomic bomb, by a split hair

10:30 am U.S. ET | Sept. 23, 2014
Mazda, the most famous company from Hiroshima, may have survived the city's infamous atomic bombing on Aug. 6, 1945, quite literally by only a split hair....
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VW to seek higher margins with China-only luxury sedan

Sept. 22, 2014 09:03 CET
VW Group will launch a VW-badged luxury sedan designed solely for China next year to help boost its margins, sources said. The move, however, could put VW brand in direct competition with its premium sibling, Audi....
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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters....
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Nissan and Dongfeng form JV for Infiniti in China

Sept. 22, 2014 12:27 CET
Nissan has formed a joint venture with Dongfeng Motor in China dedicated to producing premium Infiniti vehicles. Nissan and Dongfeng each will control 50 percent of the JV, which will start by making the Q50L and QX50....
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7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year....
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Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business....
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Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets....
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Hyundai plans to build 2 more factories in China, not 1, reports say

7:17 am U.S. ET | Sept. 16, 2014
Hyundai Motor Co. plans to build two factories in China instead of one, two people familiar with the matter told Reuters today....
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VW boosts German brands' market share in China

Sept. 16, 2014 10:32 CET
VW Group's lead in China's compact sedan market this year has helped boost German automakers' share of the overall car market to 24 percent in July from 21 percent at the end of 2013....
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Tesla shares tumble as bullish analyst raises cautions about growth

5:04 pm U.S. ET | Sept. 15, 2014
One of Tesla's strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9 percent on Monday. Tesla stock rebounded slightly on Tuesday, rising 2.7 percent....
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